Global uncertainties will restrain the Reserve Bank to announce only a 0.25 per cent reduction in policy rates tomorrow but there could be more loosening in the future, analysts said. A majority of analysts and bankers are expecting RBI Governor Urjit Patel-led Monetary Policy Committee (MPC) to cut rates by 0.25 per cent tomorrow, with some expecting a 0.50 per cent reduction.

Opec has agreed its first limit on oil output since 2008, sources in the producer group told Reuters, with Saudi Arabia accepting "a big hit" on its production and agreeing to arch-rival Iran freezing output at pre-sanctions levels.

Opec has agreed its first limit on oil output since 2008, sources in the producer group told Reuters, with Saudi Arabia accepting "a big hit" on its production and agreeing to arch-rival Iran freezing output at pre-sanctions levels.

In a chat with ET Now, S.K. Ghosh, chief economic adviser at State Bank of India says that it is expected that RBI will announce 50 bps rate cut on Dec 7, which is going to be affected by various factors including Fed rate hike.

In a chat with ET Now, S.K. Ghosh, chief economic adviser at State Bank of India says that it is expected that RBI will announce 50 bps rate cut on Dec 7, which is going to be affected by various factors including Fed rate hike.

The U.S. unemployment rate fell to a nine-year low of 4.6 percent last month, though not for the best reason: Many of the unemployed gave up looking for work. Employers added a solid 178,000 jobs in November, nearly matching the average monthly gains this year. Those gains point to the steady economic growth that President-elect Donald Trump is poised to inherit.

The U.S. unemployment rate fell to a nine-year low of 4.6 percent last month, though not for the best reason: Many of the unemployed gave up looking for work. Employers added a solid 178,000 jobs in November, nearly matching the average monthly gains this year. Those gains point to the steady economic growth that President-elect Donald Trump is poised to inherit.